Partnership Exits: Basis, Liabilities, and Hot Assets
#34

Partnership Exits: Basis, Liabilities, and Hot Assets



  • (00:00) - Series Wrap and Big Topics
  • (01:43) - Case Study Setup Lighthouse LLC
  • (03:29) - Outside Basis Basics
  • (07:39) - Tracking Basis and Proof
  • (13:36) - Loss Limits and Suspensions
  • (19:53) - Basis Ordering and Distributions
  • (26:01) - Liabilities Under Section 752
  • (32:33) - Recourse vs Nonrecourse Debt
  • (37:49) - Excess Distributions and Exits
  • (40:34) - Abandonment and Hot Assets
  • (46:56) - Jessica Exit Options Compared
  • (55:55) - Key Takeaways and Next Series

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